NOT LISTED FOR SALE

1386 Somerset Ave Unit 88 Grosse Pointe Park, MI 48230

Estimated Value: $357,654 - $500,000

6 Beds
2 Baths
2,600 Sq Ft
$155/Sq Ft Est. Value

Last Sold January 17, 2013

Last sale price $140,000 $54 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $2,628/month

109 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Fenced Yard
  • George Defer Elementary School Rated A
  • Corner Lot
  • Balcony

About This Home

As of January 2013

Beautifully maintained by current owners for 57 years! 3 bedrms on each floor, spacious living and dining rms. Hardwood flrs under carpeting, front & rear staircases, 2 sets of washer, dryer, stove, frig & 2 newer gas forced air furnaces. Awning covered front porch and balcony, enclosed rear sun porches on both units. 2nd floor immediate occupancy. 30 days after closing or sooner for 1st floor. 2+ car garage w/extra driveway for additional off-street parking. Walk 1-2 blocks to Defer & Pierce schools.

Last Agent to Sell the Property

Michael Fikany

James R. Fikany Real Estate Co License #MISPE-6504123062 Listed on: 08/10/2012

Last Buyer's Agent

Rick Schwanitz

Villa Residential Realty Co. License #MISPE-6501241387

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 41x119
  • Fenced Yard
  • Corner Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Living Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Patio
  • Shed
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Zoned Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39007020084000

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Sub Structure Types: Shed
  • Total Tax Amount: 4176.79
  • Total Tax Year: 2011
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail., Hardwood Floors, Window Treatment(s)
  • Appliances: Disposal, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Bathroom Description: Basement Bath Lav/Half, First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen, Formal Dining Room
  • Sub Room Description: Living Room, Lower Level Laundry
  • Source of Sq Ft: Measured
  • Estimated Sq Ft: 2600

Exterior Features

  • Construction: Brick
  • Exterior Features: Fenced Yard, Patio, Porch, Sidewalks, Street Lights, Exterior Balcony
  • Water Features: Association Access
  • Foundation Type: Basement
  • Roads: Curbed, Paved Street

Garage/Parking

  • Garage Type: Detached Garage, Electric In Garage, Gar Door Opener, Side Loading Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Window Unit(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air, Zoned Heating
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public At Street

Schools

  • Elementary School: Defer
  • Middle School: Pierce
  • High School: Grosse Pointe South

Lot Info

  • Assessor Parcel Number: 39007020084000
  • Location: Corner Lot
  • Lot Dimensions: 41x119
  • Acreage: 0.11
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Map Side Numeric: 5
  • Map Top Alpha: AH
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2011, Amount: $2,203.70
  • Winter Tax: Year: 2011, Amount: $1,973.09
  • Total Tax: Year: 2011, Amount: $4,176.79
  • SEV Year: 2011

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Grosse Pointe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2012
Closed on
Jan 17, 2013
Sold by
The Sophie Saros Living Trust
Bought by
Ahrens Justin
Seller's Agent
Michael Fikany
James R. Fikany Real Estate Co
Buyer's Agent
Rick Schwanitz
Villa Residential Realty Co.
List Price
$164,000
Sold Price
$140,000
Premium/Discount to List
-$24,000
-14.63%
Current Estimated Value
$402,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,914
Avg. Annual Appreciation
8.37%
Original Mortgage
$133,000
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 2012
Sold by
Saros Ulysses and Saros Sophie
Bought by
Saros Sophie and Sophie Saros Living Trust
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ahrens Justin $140,000 None Available
Saros Sophie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahrens Justin $442,250
Closed Ahrens Justin $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2013 01/17/13 Sold $140,000 -14.6% $54 / Sq Ft
11/27/2012 11/27/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $164,000 -- $63 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,841 $167,300 $0 $0
2023 $2,906 $157,500 $0 $0
2022 $2,849 $138,600 $0 $0
2021 $5,728 $121,800 $0 $0
2019 $5,063 $103,400 $0 $0
2018 $2,129 $87,200 $0 $0
2017 $5,857 $56,700 $0 $0
2016 $4,976 $80,600 $0 $0
2015 $8,430 $84,300 $0 $0
2013 $8,470 $84,700 $0 $0
2012 $2,204 $88,800 $23,900 $64,900
Source: Public Records

Agents Affiliated with this Home

  • Michael Fikany

    Seller's Agent in 2013

    Michael Fikany

    James R. Fikany Real Estate Co

    (313) 402-7070

    32 in this area

    73 Total Sales

    Michael Fikany
    Section Image

  • R

    Buyer's Agent in 2013

    Rick Schwanitz

    Villa Residential Realty Co.

    (586) 744-5377

    9 Total Sales

    Rick Schwanitz
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31115153

Michigan Multiple Listing Service

APN: 39-007-02-0084-000

Michigan Wayne County Grosse Pointe Park 48230

1386 Somerset Ave Unit 88, Grosse Pointe Park, MI

This home is located at 1386 Somerset Ave Unit 88, Grosse Pointe Park, MI 48230 since 10 August 2012 and is currently estimated at $402,914, approximately $154 per square foot. This property was built in 1929. 1386 Somerset Ave Unit 88 is a home located in Wayne County with nearby schools including George Defer Elementary School, Pierce Middle School, and Grosse Pointe South High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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